He called it part of an effort to reinvigorate manufacturing in the U.S., something Trump also vowed on the campaign trail to do if we gained the presidency.

And Fields says the decision to drop the new Mexico factory was driven in part by Trump publicly pressuring the automaker, though he adds that Ford looks forward to working cooperatively with the President-elect.

“We’re also encouraged by the pro-growth policies that President-elect Trump and the new Congress have indicated that they will pursue,” Fields said. “These tax and regulatory reforms are critically important to boost U.S. competitiveness.”

Ford announced the move only hours after Trump tweeted a threat to General Motors, vowing that that the automaker must build vehicles “in U.S.A. or pay big border tax!”

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